CA Foundation P4 · Chapter 9 · Question 6 of 15
Which of the following is a non-tariff measure?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) An import quota limiting the quantity of a good that may be imported
Explanation
Non-tariff measures restrict or affect trade without levying a tax - for example quotas, licensing, sanitary and phytosanitary measures and technical standards. Ad valorem, specific and compound duties are all forms of tariffs.
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